Deprince Race & Zollo Inc. lessened its holdings in Texas Pacific Land Trust (NYSE:TPL) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,600 shares of the financial services provider’s stock after selling 400 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Texas Pacific Land Trust were worth $1,455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Moors & Cabot Inc. raised its holdings in Texas Pacific Land Trust by 25.6% in the 2nd quarter. Moors & Cabot Inc. now owns 3,795 shares of the financial services provider’s stock valued at $1,118,000 after buying an additional 773 shares during the last quarter. EagleClaw Capital Managment LLC raised its holdings in Texas Pacific Land Trust by 8.8% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 5,565 shares of the financial services provider’s stock valued at $1,633,000 after buying an additional 450 shares during the last quarter. Moloney Securities Asset Management LLC bought a new position in Texas Pacific Land Trust in the 3rd quarter valued at approximately $257,000. Steinberg Global Asset Management raised its holdings in Texas Pacific Land Trust by 26.3% in the 2nd quarter. Steinberg Global Asset Management now owns 12,750 shares of the financial services provider’s stock valued at $3,746,000 after buying an additional 2,655 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. raised its holdings in Texas Pacific Land Trust by 20.7% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 29,150 shares of the financial services provider’s stock valued at $11,780,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 39.54% of the company’s stock.

TPL has been the subject of a number of research reports. BidaskClub upgraded shares of Texas Pacific Land Trust from a “hold” rating to a “buy” rating in a report on Monday, July 31st. ValuEngine lowered shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th.

Texas Pacific Land Trust (NYSE TPL) opened at $409.09 on Friday. Texas Pacific Land Trust has a fifty-two week low of $259.00 and a fifty-two week high of $434.99. The stock has a market cap of $3,206.86, a P/E ratio of 46.86 and a beta of 0.93.

Texas Pacific Land Trust (NYSE:TPL) last released its quarterly earnings results on Monday, October 30th. The financial services provider reported $3.36 earnings per share (EPS) for the quarter. Texas Pacific Land Trust had a net margin of 69.87% and a return on equity of 133.04%. The firm had revenue of $42.50 million during the quarter.

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Texas Pacific Land Trust Company Profile

Texas Pacific Land Trust (the Trust) is engaged in managing land, including royalty interests, for the benefit of its owners. The Company operates through managing the land segment, which includes sales and leases of such land, and the retention of oil and gas royalties. The Trust derives revenue from all avenues of managing the land, such as oil and gas royalties, grazing leases, easements, sundry and specialty leases, and land sales.

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Institutional Ownership by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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